The New Capital Markets in Central and Eastern Europe

The New Capital Markets in Central and Eastern Europe
A Book

by Michael Schröder

  • Publisher : Springer Science & Business Media
  • Release : 2012-12-06
  • Pages : 518
  • ISBN : 3642565204
  • Language : En, Es, Fr & De
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An excellent analyses of the effects of EU enlargement on capital markets in the most advanced countries of Central and Eastern Europe and Russia. It also investigates the EU's impact on the interactions between Eastern and Western capital markets. The study is particularly useful for financial analysts, institutional investors and academic researchers who are interested in the economic and institutional developments of capital markets in CEE countries.

Creating Capital Markets in Central and Eastern Europe

Creating Capital Markets in Central and Eastern Europe
A Book

by Gerhard Pohl,Grzegorz J?drzejczak,Robert Edward Anderson

  • Publisher : World Bank Publications
  • Release : 1995-01-01
  • Pages : 32
  • ISBN : 9780821333709
  • Language : En, Es, Fr & De
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Addresses the challenge Hungary faces in overcoming threatening deficits in its current and fiscal accounts without hampering economic growth. The Hungarian economy is emerging from a severe four-year recession with positive developments on numerous economic fronts, but with major weaknesses remaining because of large current and fiscal account deficits. This book addresses the challenge Hungary faces in overcoming these deficits without hampering economic growth. The report examines the country's macroeconomic performance in the first half of the 1990s and the stabilization package launched in March 1995. It explores the structure of fiscal revenues, pension reform, and enterprise and banking reforms. The study also looks at the impact of structural reforms on future economic growth and at Hungary's bid to integrate with the European Union.

Financial and Monetary Integration in the New Europe

Financial and Monetary Integration in the New Europe
Convergence Between the EU and Central and Eastern Europe

by David G. Dickinson,A. W. Mullineux

  • Publisher : Edward Elgar Publishing
  • Release : 2002-02-26
  • Pages : 474
  • ISBN : 1781009996
  • Language : En, Es, Fr & De
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Potential new entrants to the European Union from Central and Eastern European countries face many challenges to achieve financial convergence with the existing EU nations. Using detailed case studies from Bulgaria, the Czech Republic, Latvia, Lithuania and Poland and analysis of cross country data from these regions, Financial and Monetary Integration in the New Europe looks at the key issues for applicant countries as they negotiate the terms of their membership in the European Union. Of major concern to these countries is the financial sector and its implications for economic growth and the conduct of macroeconomic policy. The book examines, in particular, monetary and exchange rate policies, banking regulation and financial market efficiency. The overall impact of building a market driven financial system on economic development is also explored.

Central Europe towards Monetary Union: Macroeconomic Underpinnings and Financial Reputation

Central Europe towards Monetary Union: Macroeconomic Underpinnings and Financial Reputation
Macroeconomic Underpinnings and Financial Reputation

by Ronald MacDonald,Rod Cross

  • Publisher : Springer Science & Business Media
  • Release : 2001
  • Pages : 283
  • ISBN : 9780792379676
  • Language : En, Es, Fr & De
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There are many issues to be resolved before the Visegrad countries are admitted into the EU, and this volume focuses on the issues relating to macroeconomic policies and financial sector structures. The chapters of Central Europe Towards Monetary Union: Macroeconomic Underpinnings and Financial Reputation contain new theoretical and empirical results and also comprehensive institutional overviews.

Financial Markets in Central and Eastern Europe

Financial Markets in Central and Eastern Europe
Stability and Efficiency

by Morten Balling,Frank Lierman,Andy Mullineux

  • Publisher : Unknown Publisher
  • Release : 2012-09-25
  • Pages : 382
  • ISBN : 9780415647793
  • Language : En, Es, Fr & De
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The countries of Central and Eastern Europe have been through a profound transition process for more than a decade now. The financial sectors and markets in the region have been subject to major structural reforms including privatization, liberalization and the acquisition by foreign banks of controlling interests in local financial institutions. This important new book includes papers that chart this process. Topics discussed include the implications of future EU membership, and the strategies pursued by the World Bank and International Monetary Fund.

Industries and Markets in Central and Eastern Europe

Industries and Markets in Central and Eastern Europe
A Book

by Bruno S. Sergi,William T. Bagatelas,Jana Kubicová

  • Publisher : Ashgate Publishing, Ltd.
  • Release : 2007
  • Pages : 202
  • ISBN : 9780754649182
  • Language : En, Es, Fr & De
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A combination of rigorous analysis and case material, this book is an essential guide to trade and industry developments in Central and Eastern Europe. Its scope is wide encompassing globalization, the business strategies of MNCs, agriculture, services and the dynamics of innovation. It also considers the trading relationships of these countries with Russia as well as the influence of trade on the democratisation of states formerly belonging to the USSR.

Financial Markets in Central and Eastern Europe

Financial Markets in Central and Eastern Europe
Stability and Efficiency

by Morten Balling,Frank Lierman,Andy Mullineux

  • Publisher : Routledge
  • Release : 2004-08-02
  • Pages : 400
  • ISBN : 1134292708
  • Language : En, Es, Fr & De
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The countries of Central and Eastern Europe have been through a profound transition process for more than a decade now. The financial sectors and markets in the region have been subject to major structural reforms including privatization, liberalization and the acquisition by foreign banks of controlling interests in local financial institutions. This important new book includes papers that chart this process. Topics discussed include the implications of future EU membership, and the strategies pursued by the World Bank and International Monetary Fund.

Financial Development, Integration and Stability

Financial Development, Integration and Stability
Evidence from Central, Eastern and South-Eastern Europe

by Klaus Liebscher,Josef Christl,Peter Mooslechner,Doris Ritzberger-Grünwald

  • Publisher : Edward Elgar Publishing
  • Release : 2007-01-01
  • Pages : 576
  • ISBN : 1847203035
  • Language : En, Es, Fr & De
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Financial industries in central, eastern and south-eastern Europe have undergone dramatic changes over the past decade. Foreign direct investment contributed to the development of market-oriented banking and financial systems able to support the rapid pace of economic growth in these countries. Policymakers, academics and private sector analysts have contributed to this volume with their stimulating insights on a broad range of issues, from recent credit booms to the cross-border integration of banking and capital markets. Anyone who wants to understand how finance, growth and financial stability interact in transition economies should read this book. Mario Draghi, Governor of the Banca d Italia and Chairman of the Financial Stability Forum This book highlights the achievements and challenges of the ongoing process of financial integration in Europe. The financial integration of Europe is both welcomed as an economic driving force and watched with concern as a source of potential stability. After all, changing financial, regulatory and corporate ownership structures are fuelling competition, capital mobility and financial intermediation, but at the same time creating new systemic risks. With a special focus on Central, Eastern and South-Eastern Europe, the contributors to this book explore a wide spectrum of underlying issues, including the finance-growth nexus, credit boom patterns, the implications of foreign bank entry modes, lessons learned from old EU member states and commercial bank strategies. Authoritative views from central bank officials and policymakers are complemented with a special focus on empirical and econometric evidence from academia as well as practical insights from key financial market players. This unique collection will be of great interest to economists and experts in the fields of financial markets and European integration from central, commercial and investment banks, governments, international organizations, universities and research institutes.

Financial Markets of Eastern Europe and the Former Soviet Union

Financial Markets of Eastern Europe and the Former Soviet Union
A Book

by François Perquel

  • Publisher : Woodhead Publishing
  • Release : 1998-01-23
  • Pages : 160
  • ISBN : 9781855733404
  • Language : En, Es, Fr & De
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The banking systems of eastern Europe and the states of the former Soviet Union have undergone dramatic change in recent years. This is the first book to provide a practical overview of the banking systems in the region. It describes the changes that have occurred and the differences that still remain. The author provides a full account of the various financial centres and the diversity of products that are available, including currencies, bonds, stocks, futures, coupons and certificates. The book covers financial internediaries, savings protection and corporate governance and concludes with a look at potential future developments. It will be essential reading for corporates, bankers, fund managers, investors and advisers involved in the region.

Financial Reform in Central and Eastern Europe

Financial Reform in Central and Eastern Europe
A Book

by Zdenek Drabek,Stephany Griffith-Jones

  • Publisher : Springer
  • Release : 1995-02-12
  • Pages : 256
  • ISBN : 1349238007
  • Language : En, Es, Fr & De
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The book examines in depth the progress of reform in the banking sector in Eastern Europe - which is a key element in its transition to the market. Particular emphasis is placed on the problem of bad debts owed by companies to banks, and on criteria and options for overcoming this serious problem. The book also analyses the recent development of capital markets in Eastern Europe, their role in attracting foreign capital flows and the limitations to the development of those markets and suggests how to overcome them. Based on analysis by senior policy-makers and academics from the region , the book focuses on four countries: the former Czechoslovakia (now the Czech and Slovak Republics), Hungary and Poland.

Cracking Eastern Europe

Cracking Eastern Europe
Everything Marketers Must Know to Sell Into the World's Newest Emerging Markets

by Allyn Enderlyn,Oliver C. Dziggel

  • Publisher : Probus Professional Pub
  • Release : 1992
  • Pages : 385
  • ISBN : 9876543210XXX
  • Language : En, Es, Fr & De
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With the tremendous business opportunities available in the Pacific Rim, it truly pays to become an "insider." Only with the most complete knowledge of these countries, their customs and business practices will you be given such profitable status. To seize these opportunities and more, authors Allyn Enderlyn and Oliver C. Dziggel have developed Cracking the Pacific Rim--a comprehensive resource for marketers of all products from every industry. Filled with information on approaching the markets, the investment climate, financing, the capital markets, licensing, patents, trademarks and all the details you'll need to carry out successful business ventures, this authoritative reference details every attractive opportunity available. Cracking the Pacific Rim outlines the common threads and unique features of: Japan, Hong Kong, Korea, the Philippines, Taiwan, Indonesia, Malaysia, Singapore and Thailand. Each country is profiled separately following a topical outline with in-depth coverage of market and socioeconomic demographics; policies to attract business; "hot" business opportunities; finance and politics; key business contacts and resources; and proper business interaction and etiquette. A map, brief history, geographical summary and key points are included for each country. Each chapter concludes with a listing of U.S. government and multilateral resources. And, finally, an exhaustive compendium of useful statistics is also provided.

Money, Banking and Financial Markets in Central and Eastern Europe

Money, Banking and Financial Markets in Central and Eastern Europe
20 Years of Transition

by R. Matousek

  • Publisher : Springer
  • Release : 2010-11-03
  • Pages : 280
  • ISBN : 0230302211
  • Language : En, Es, Fr & De
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This book provides a deep insight into the market changes and policy challenges that transition economies have undergone in the last twenty years. It not only comments on and evaluates the development of financial markets in transition economies, but also highlights the key obstacles to full integration of financial markets into the EU market.

CBI European Business Handbook

CBI European Business Handbook
A Book

by Anonim

  • Publisher : Unknown Publisher
  • Release : 1999
  • Pages : 129
  • ISBN : 9876543210XXX
  • Language : En, Es, Fr & De
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The Euromoney Central and Eastern European Financial Resource Book

The Euromoney Central and Eastern European Financial Resource Book
A Book

by Anonim

  • Publisher : Unknown Publisher
  • Release : 1998
  • Pages : 312
  • ISBN : 9876543210XXX
  • Language : En, Es, Fr & De
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Provides contact details for both the country specific specialist and regional experts, and contains information for the leading corporations, stock exchanges and ministries of finance throughout the region. Complemented by individual market reviews and cross border reports.

Central Europe towards Monetary Union: Macroeconomic Underpinnings and Financial Reputation

Central Europe towards Monetary Union: Macroeconomic Underpinnings and Financial Reputation
A Book

by Ronald MacDonald,Rod Cross

  • Publisher : Springer Science & Business Media
  • Release : 2012-12-06
  • Pages : 283
  • ISBN : 1461513855
  • Language : En, Es, Fr & De
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A key objective of the Central European Economies (CEE) on their transition path from planned to more market-oriented economies has been membership of the European Union (EU). The start of Economic and Monetary Union (EMU) in 1999 has added membership of the EMU to the agenda for the CEEs. The task of the so-called Visègrad countries (the Czech and Slovak Republics, Hungary and Poland) of preparing for EU and EMU membership is the key theme underlying the papers contained in this volume. There are many issues to be resolved before the Visègrad countries are admitted into the EU, and this volume focuses on the issues relating to macroeconomic policies and financial sector structures. The chapters of Central Europe Towards Monetary Union: Macroeconomic Underpinnings and Financial Reputation contain new theoretical and empirical results and also comprehensive institutional overviews. The intended readership of the book is policy makers and economists working in the academic and financial sectors.

Privatizing Eastern Europe

Privatizing Eastern Europe
The Role of Markets and Ownership in the Transition

by Jozef M. van Brabant,Jos van Brabant

  • Publisher : Springer Science & Business Media
  • Release : 1992
  • Pages : 327
  • ISBN : 9876543210XXX
  • Language : En, Es, Fr & De
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With the revolutions in Eastern Europe since mid-1989, two main transformations are envisaged: pluralistic political democracy and a market economy based largely on private property and self-interest. One element that straddles those two objectives is what to do with state-owned property during the transition from a planned to a market environment.

Emerging Europe and the Capital Markets Union

Emerging Europe and the Capital Markets Union
A Book

by Alexander Lehmann

  • Publisher : Unknown Publisher
  • Release : 2020
  • Pages : 129
  • ISBN : 9876543210XXX
  • Language : En, Es, Fr & De
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• The European Union's capital markets union (CMU) plan is in urgent need of a revamp. Because of Brexit, EU capital markets and supervision need to become more integrated. The ongoing deep recession increases the need for equity finance mobilised by capital markets. • The eleven EU countries in central and south-eastern Europe which joined the EU in 2004 and after (EU11) are particularly affected by the ongoing consolidation of exchanges, which has diminished liquidity in smaller markets and in the traded securities of mid-sized companies. • Corporate funding remains even more bank-dependent in the EU11 than in the rest of the EU. Equity capital, whether in the form of listed shares or directly supplied by investment funds, is particularly underdeveloped. Even though the sustained and superior growth record in the region compared to the rest of the EU should be a magnet for investors, cross-border exposure to traded equity in the region remains very limited. • To gain broader acceptance in all EU countries, CMU will need to support more forcefully funding for small and medium enterprises (SMEs), and foster market integration throughout the single market, including outside the euro area. • The immediate priorities for the EU should be to revise market regulation and facilitate capital market access by smaller firms. Lighter standards in dedicated SME markets should be widened for newly-listed companies, but should not be available to more mature listed companies. In this way, high standards of transparency and integrity, which have been bolstered by post-financial crisis regulation, will be preserved. • The EU11 countries need to embrace corporate governance rules and greater transparency of company financial data, which would facilitate equity finance. They must also attract investors who will seek disclosure of environmental, social and governance performance of issuers. Much could be done to foster liquidity on national exchanges, including by embracing the inevitable further consolidation of exchanges and other infrastructure.

Banking, International Capital Flows and Growth in Europe

Banking, International Capital Flows and Growth in Europe
financial markets, savings and monetary integration in a world with uncertain convergence : with 22 figures and 63 tables

by Paul J.J. Welfens,Holger C. Wolf

  • Publisher : Springer Science & Business Media
  • Release : 1997-08-19
  • Pages : 458
  • ISBN : 9783540631927
  • Language : En, Es, Fr & De
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While international capital flows are rising, the role of banks in the economy is changing and stock markets in OECD and eastern European countries play an increasing role for financing investment and innovation. Economic catching up of eastern Europe, European Monetary Union and problems of economic convergence are some of the issues discussed in this volume. Theoretical as well as empirical analyses of savings, private and public investment, and portfolio shifts are presented from a comparative perspective, covering Europe, Asia, Latin America and the US. Prudential supervision, banking issues and monetary integration are topics analyzed in theoretical and economic policy terms.

Banking and Financial Stability in Central Europe

Banking and Financial Stability in Central Europe
Integrating Transition Economies Into the European Union

by David Green,Karl Petrick

  • Publisher : Edward Elgar Publishing
  • Release : 2002-04-26
  • Pages : 224
  • ISBN : 9781781950296
  • Language : En, Es, Fr & De
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'...this book would be suited to lawyers and non-lawyers alike. In addition, it provides an interesting look at the EU banking system and the systems of Central and Eastern European countries.' - Ellie Palmer, Journal of International Banking Law and Regulation The eastwards expansion of the European Union is one of the most explosive economic and political issues of the early 21st century. Economic and financial stability combined with rising prosperity in the applicant countries are increasingly seen as necessary preconditions for European Union membership. This authoritative volume, written by scholars and practitioners from Central and Western Europe and the United States, confronts the issues involved in three of the countries most likely to be successful applicants to the EU - the Czech Republic, Hungary and Slovenia. A spotlight is turned on the banking and financial industries, as they are crucial to the achievement of economic stability. The blend of expertise deployed, which draws on in-depth knowledge and extensive experience in central banking, financial and commercial law, business, practical policy making and economic analysis, ensures that this book is timely, relevant and insightful. The authors suggest that the role of the state in both creating and maintaining an effective financial sector is central. Furthermore, they argue that well-regulated commercial banks and strategic foreign investors are a must as, in practice, the attempt to skip straight to modern capital markets has been ruinous. This accessibly written volume will be of interest to students and scholars of economics, finance, law, political science, the sociology of economic life and European studies.

International Finance and Open-Economy Macroeconomics

International Finance and Open-Economy Macroeconomics
Study Edition

by Giancarlo Gandolfo

  • Publisher : Springer Science & Business Media
  • Release : 2002-06-01
  • Pages : 613
  • ISBN : 9783540417309
  • Language : En, Es, Fr & De
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"This book deals with the financial side of international economics and covers all aspects of international finance. There are many books and articles by exponents of alternative points of view. I know of no other book that provides the scope, balance, objectivity and rigor of the book." (Professor Jerome L. Stein, Brown University) From the reviews: "In this survey of international finance and open-economy macroeconomics, Gandolfo succeeds in meeting the needs of advanced undergraduate or lower-level graduate students through a largely textual and graphical approach, while at the same time presenting in the appendices explicit mathematical analyses for more advanced graduate students." (Journal of Banking & Finance 2004)